In a recent interview with CNBC-TV18, Aditya Agarwala of Invest4edu shared his insights on two stocks, Metropolis Healthcare Ltd and Tata Consumer Products Ltd.

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The healthcare sector has been gaining momentum, and according to Aditya Agarwala, one stock that stands out is Metropolis Healthcare Ltd. He highlighted that money is flowing into both the pharmaceutical and pathology departments, making Metropolis an attractive option.

"At current levels, the risk-to-reward ratio is in favor of going long," Agarwala stated. After a significant correction, the stock seems poised for an upward trajectory. It has broken out from a narrow consolidation phase, indicating a potential bullish trend.

Agarwala recommended considering a long position in Metropolis, with a target price of Rs 1,530. To manage risk, he suggested setting a stop loss at Rs 1,380 on the downslide.

This stock presents a compelling buying opportunity, especially considering its recent performance, with a gain of more than 5 percent in the last month.

Tata Consumer Products Ltd is the second stock that Agarwala has on his radar. This company has consistently proven itself as an outperformer in the market.

While it may not have shown significant movement on slightly higher timeframe charts, Tata Consumer Products Ltd has recently broken out of a consolidation pattern, which Agarwala believes makes it worth considering. He leans towards a more positional approach for this stock.

Agarwala recommended buying Tata Consumer Products Ltd at its current levels. Investors should aim for a target price range of Rs 1,045-1,050 on the upside, with a stop loss set between Rs 785 and Rs 790 to mitigate potential losses.

The stock has exhibited resilience, with gains exceeding 3 percent over the past month.

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First Published:Sept 13, 2023 1:02 PM IST